SOLUTION: Question # 2: Interpret confidence interval. A marketing research company is estimating which of two soft drinks college students prefer. A random sample of 100 college students

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Question 1196531: Question # 2: Interpret confidence interval.
A marketing research company is estimating which of two soft drinks college students prefer. A random sample of 100 college students produced the following 95% confidence interval for the proportion of college students who prefer drink A: 90.262, 0.622). Interpret the interval.

There is a 95% chance that the proportion of one randomly selected student who prefer drink A is between 0.262 and 0.622.

There is a 95% chance that the proportion of the sampled 100 students who prefer drink A is between 0.262 and 0.622.

There is a 95% chance that the proportion of all college students who prefer drink A is between 0.262 and 0.622

Answer by ewatrrr(24785) (Show Source):
You can put this solution on YOUR website!

Hi A marketing research company is estimating which of two soft drinks college students prefer. A random sample of 100 college students produced the following 95% confidence interval for the proportion of college students who prefer drink A: Interpret the interval (0.262, 0.622) There is a 95% chance that the proportion of all college students who prefer drink A is between 0.262 and 0.622 Wish You the Best in your Studies.